Todd J. Snively, Resident of Northville, Michigan, and Two Michigan Corporations,
Commodity Consultants International and Futurewise Trading Group, Are Subjects of
Registration Actions Based on Misappropriation of $6.27 Million from 900 Customers

Washington, D.C. – The U. S. Commodity Futures Trading Commission (CFTC)
announced today that on September 3, 2003, it filed Notices of Intent to Suspend,
Revoke, or Restrict the CFTC registrations of
Todd James Snively as
an associated person, and the registrations of his companies,
Commodity Consultants
International, Inc. (CCI) as a futures commission merchant, and
Futurewise Trading Group,
Inc. (Futurewise) as a commodity pool operator, commodity trading advisor, and
introducing broker based on the entry of an order of permanent injunction against them
in a federal district court for the Eastern District of Michigan earlier this year.

The March 2003 federal court order stemmed from a complaint filed by the CFTC on
February 8, 2002 against Snively, CCI, and Futurewise, charging them with cheating
hundreds of investors out of millions of dollars (see CFTC News Release
4606-02, February 11, 2002). The court’s
order was entered with the consent of the defendants, who neither admitted nor denied
its allegations (see CFTC News Release
4764-03, March 20, 2003).

The order requires Snively, a Northfield, Michigan resident, and CCI and Futurewise,
both Michigan corporations, to repay $6.27 million to approximately 900 investors. The
order further permanently prohibits Snively, CCI, and Futurewise from participating in
the futures industry in any registered or exempt capacity and bars Snively, CCI, and
Futurewise from trading for themselves or for others.

The CFTC Notices allege that the court’s order, and the facts underlying it, are
sufficient under the statutory disqualification procedures of the Commodity Exchange
Act (CEA) to suspend, restrict, or revoke the CFTC registrations of the registrants.
Accordingly, the CFTC has ordered that a public hearing be held to determine whether
the registrations of Snively, CCI, and Futurewise should be suspended, restricted, or
revoked.

The following CFTC Division of Enforcement staff are responsible for this case:
Rosemary Hollinger, Scott Williamson, Robert Greenwald, Mark Bretscher, Donald Nash,
and Joy McCormack.

A copy of the CFTC Notices of Intent to Suspend, Revoke, or Restrict Snively’s,
CCI’s, and Futurewise’s registrations may be obtained at www.cftc.gov.